Indiana Code 32-30-10-6. Satisfaction of judgment; recording; recorder’s fee
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Sec. 6. Upon:
(2) the payment and satisfaction of the judgment as may be rendered in the foreclosure proceeding;
(1) the foreclosure of a recorded mortgage in a court of any county having jurisdiction in Indiana; and
Terms Used In Indiana Code 32-30-10-6
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
the prevailing party shall immediately after satisfaction of the judgment record the satisfaction of the mortgage on the records of the recorder’s office of the county where the property is located. The record in foreclosure and satisfaction must show that the whole debt, secured by the mortgage, has been paid. The recorder must be paid a fee of not more than the amount specified in IC 36-2-7-10(c)(1) in each case of foreclosure requiring satisfaction.
[Pre-2002 Recodification Citation: 32-15-6-4.]
As added by P.L.2-2002, SEC.15. Amended by P.L.127-2017, SEC.14.